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Kazakhmys PLC (KAZ)

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Friday 17 October, 2008

Kazakhmys PLC

End of Offer Period

RNS Number : 0715G
Kazakhmys PLC
17 October 2008
 





17 October 2008 


KAZAKHMYS PLC ANNOUNCES END OF OFFER PERIOD



Kazakhmys PLC announces that discussions regarding a possible combination with a third party, first announced on 14 July 2008, have ended.


As a result Kazakhmys is no longer in an "offer period" for the purposes of The City Code on Takeovers and Mergers.


The Company will be publishing its Q3 Results on 30th October.




For further information please contact:




Kazakhmys PLC



John Smelt

Head of Corporate Communications

Tel: +44 20 7901 7882

Tel: +44 78 7964 2675

Olga Nekrassova

Financial Analyst

Tel: +44 20 7901 7814

Merlin



David Simonson


Tel: +44 20 7653 6620

Tom Randell


Tel: +44 20 7653 6620

Leonid Fink 


Tel: +44 20 7653 6620


 

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Notes to Editors


Kazakhmys PLC is a leading international natural resources group, listed in the UK and Kazakhstan, with significant interests in copper, gold, zinc, silver, power generation and petroleum.


It is the largest copper producer in Kazakhstan and one of the top ten worldwide with 20 mines, 10 concentrators and 2 smelters. Kazakhmys copper operations are fully integrated from mining ore through to the production of finished copper cathode and rod. Total copper cathode produced in 2007 from own ore was 341 thousand tonnes. Production is backed by a captive power supply and significant rail infrastructure. Kazakhmys also owns MKM, an upstream copper products fabrication company in Germany, which produces a range of pre- and semi-finished copper and copper alloy products.


Kazakhmys Copper produces significant volumes of other metals, including zinc, silver and gold. In 2007, it produced 45 thousand tonnes of zinc metal and 133 thousand tonnes of zinc concentrate. Kazakhmys is the fourth largest silver producer in the world (19 million ounces produced in 2007). Kazakhmys Gold, which acquired Eurasia Gold Inc in July 2007, includes substantial new development and exploration opportunities. The Group produced 146 thousand ounces of gold in 2007 and has measured and indicated resources of 2.3 million ounces.


Kazakhmys Power owns the recently acquired coal fired Ekibastuz GRES-1 plant, the largest in Kazakhstan with a nameplate capacity of 4,000 MW. In addition, it owns the Maikuben open cast coal mine, supplying around 20% of the power plant's fuel requirements producing over 3.4 million tonnes of coal in 2007.


Kazakhmys Petroleum has acquired the East Akzhar exploration block, with an area of 602km², located on the eastern fringe of the Caspian depression. 


The Group is part of the FTSE-100 index of companies listed on the London Stock Exchange and is also listed on the Kazakhstan Stock Exchange (KASE). It had revenues of $5.3 billion in 2007 with EBITDA of $2.3 billion. The Group employs some 65,000 people, principally in Kazakhstan. The Group's strategic aim is to diversify and participate in the development of the significant natural resource opportunities in Central Asia.





This information is provided by RNS
The company news service from the London Stock Exchange
 
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